BNB Chain Monthly Perp Volume Hits Record High of $33.29B: What’s Driving It?

BNB Chain reached a record high of $33.29 billion in perpetual futures trading volume in June 2025. The figure reflects a 70% increase in monthly dominance on perp protocols. Aster DEX and other DeFi platforms were instrumental in driving the surge.

The increase marks a significant milestone for the Binance-backed network and highlights its growing dominance in decentralized derivatives.

Related: BNB Chain Daily Active Users Surge 26.4% to 1.2 Million, Revenue Jumps 58%

DeFi Protocols Drive Record On-Chain Volume

On-chain analyst Eljaboom shared the data on X. He attributed the growth primarily to Aster DEX. According to Eljaboom, the decentralized exchange helped boost BNB Chain’s perp dominance by 70% through sustained user activity and innovative features.

However, Binance co-founder Changpeng Zhao also weighed in, acknowledging that multiple platforms contributed to the performance.

In a reply, CZ named Four, Cake and Alpha, Lista, and Venus key players in the ecosystem’s growth. He emphasized that the rising perp volume results from collective efforts across several protocols.

A screenshot shared in the tweet shows data from DeFiLlama, ranking protocols by perp volume. It lists BNB Chain’s 30-day perp volume at $38.85 billion, with a daily volume of $1.463 billion and a weekly growth rate of over 19%. The monthly bar chart confirms a clear upward trend, with June 2025 significantly outperforming all previous months.

Futures Activity Intensifies Across Exchanges

On centralized exchanges, trading activity for BNB derivatives increased significantly. According to Coinglass data, the 24-hour derivatives volume for BNB rose to $564.44 million, a 41.65% increase from the previous day.

However, open interest fell by 3.11% to $725.37 million, suggesting some traders exited positions or secured profits during volatile market moves.

The volume of BNB options contracts also jumped sharply. Options volume increased by more than 691% to $2.32 million, and options open interest climbed by 75.69% to $5.82 million. These figures indicate a growing demand for alternative hedging tools and speculative instruments.

Binance Maintains Market Leadership

Binance led all exchanges in terms of futures performance. It posted the highest BNB futures volume at $366.06 million and had the largest open interest at $411.05 million. Binance also recorded more than 707,000 BNB futures trades in 24 hours, surpassing competitors like OKX and Bybit.

While user accounts on Binance and OKX were primarily long, with long/short ratios above 1.3, sentiment was more cautious among top traders. Binance’s top trader position ratio was 0.84, indicating a tilt toward short positions.

Related: Solana and BNB Under Pressure in a Market That’s Only Rewarding Bitcoin

At press time, BNB’s price is trading at $640, a 1.8% decrease in the past day, increasing its monthly loss to 6.1%.